so, what do you say? thanks... but i think i got this. ♪ [ male announcer ] the all-new cla. starting at $29,900. neil: back from our capitol, now i'm really, really, really worried to be worried. donald trump jr. says why i should be. >> and a pox on samsung for pulling a fast one on us creating a corporate mess. a top executive admitting that new smart watch is not ready for primetime. oh, now you tell us. time for samp shunning i -- sama swift kick. do you remember what happened 53 years ago this night this year? something not that different from a lot of stuff you hear through this day. we are reracking but first, let's get cracking, because neil
cavuto gets going now. welcome i am neil cavuto, glad to have you, i can now report, i've seen it, republican party looks like it as war with itself. >> how do you feel about the senator mcconnell, saying this was wasted effort what cruz did or mccain? >> i think there is be unfairness on both sides. >> we have a signi significant disagreement. neil: they are not for what you are doing. >> they don't have to agree. >> to somehow say they are you know, not against obama, they don't fight hard enough, i fought on the floor whether it really mattered, when i thought we could beat it i will take a backseat to no one in my
opposition. neil: have you talked to chris christie. >> i saw him the other night. >> honky dory. >> it is getting better, we were going to have a beer together that didn't work out now he has to come to kentucky for a bourbon. neil: trying to play nice, i tell you, i got the vibes not nice. ted cruz may not have changed senate's mind, but he has changed notion that republicans are sorting minor differences hosout, they are not. the wacko birds versus the rhino birds, john sununu here saying this a problem, former new hampshire governor, bush front chief of staff said it can be done, i think that hope springs eternal, but, these guys, and their staff, i have to tell you they are not over this this is
pretty bad. >> look, how are you. >> neil: i'm good. >> have not seen you in a while. the senator made a person point it is a disagreement or tactics and process not substance, all republicans' to defund obamacare, and repeal it, andment to cut spending, all republicans want to cut the size of government. their argument is not over substance. the real story, is that there are a bunch of democrats in particular senators, who have to run in 2014 who see how toxic obamacare is, and behind scenes complaining to fellow democrats on substance, that is when you have a real problem within a party. neil: do you think that dust up among republicans, what i heard senator mccain, quickly take to the floor after cruz's 21 hour marathon, to say, i was
there. fighting this. while you were not here. so he is a little angry. that you think this the just sort of gloss over? they will get over this? >> i think they will continue to be in concert on the issue. they may continue for a while to be in disagreement over process, egos are big in washington, there may be a little bit of discome fodiscomfort between tho side but not on substance. it is substance that causing problem overtime. it is not process. neil: you know, the process has now become substance, a lot of tea party says we don't like this process, we think it stinks and we cave too often. >> that part i will acknowledge, that all -- both parties, have a problem with their republicans with their far right, democrats with far left. who don't seem to understand that in order to get policy done
or policy changed, you need a majority, best way to get a majority is start with your own friends and your own party. so, at some point, in order to accomplish something, they will have to understand that they got to bite their tongue on ego and move forward. neil: let'say, they don't do that. i have got hints, maybe you would be right. you are more seasons and expert at this than i am, i got a sense by gones are not just going by there is real ill will, i see it a lot of times in the staff, and -- and -- >> the staff is always harder. neil: you think that by november 2014. all on the line, to say nothing of 2016, they will be over there and united and past this process? >> there was a time when i was not the most popular republican
inashington. neil: i do remember, that yes, that is right. >> but with my warmth and charm we pulled it together. the party -- the republican party will coming it, they are in concert over substance, that i want to win in 2014, if we're going to get ruths, party has to stand together -- to get results the party has to stan together. this was a window of tune in process they disagreed on, to do with extension of the debt limi that window will pass, then they will look for process in the future, most of procedures they can deal with, they are pretty much in concert with. neil: you are a guy of numbers, you know numbers, and schmaltz in senate, and you dealing with a democratic president, you have to -- but, when i talk with john
mccains and their ilk, they say, h ino matter what they do, no matter how loud they shout they are not defunding this right now, getting on ted cruz they think they can stop this, they really do. >> it will play out in the next week or 2, i suspect they will discover that harry reid holds cards in senate, holds it in procedures and numbers, caw make the point as often as you want, as loud as you want, as long as you want but he has the cards controlling the process, that does not mean republicans will change their position, they want to defund this and kill it public wants to defund it and kill it, republicans will be smart enough to use it in 2014, there are democratic senators that are having to run for reelection who are scared to
death how toxic those issues are to democrats. neil: john sununu thank you very much. when we come back. >> ahead of a likely government taxpayers, meet tax payers who hold the politicians to shut up. see what happens. ♪ [ male announcer ] now, taking care of things at home is just a tap away. ♪ introducing at&t digital life...
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that's health in numbers. unitedhealthcare. neil: fear get -- foreget focus on how washington not dealing with the budget. >> do you have a personal budget you set for yourself. >> yes. >>, of course. >> yeah. >> reporter: how much of your income to paying bills. >> a third. >> 60%. >> probably 65%. >> about 50%. >> do you pay credit card bill on time, full amount? >> always full amount. >> i have one credit card, yeah, i pay it offer month. >> in full every month. >> should n not spend what you don't have.
>> i never spend money i don't have. >> would not use your credit card to buy a new car when your old car is running. >> no spending more than one penny than you can take in. >> the country is terrible. >> we have not spend more than we earn. >> we should not give credit out. we can't pay what we owe. >> was that plea o me or did our producer get too personal. you got the idea, right? to budget expert. folks get it, now why don't the fos to whom they pay their taxes get if? it? a very good point, average folks know money in money out, that is alien in washington, why? >> average americans understand you need to live within your
means, they have cutback, you reduce spending and debts, and washington should be able to do the same, it is time they tighten their belts, debt they put on tax payers, that will have to be paid by future, younger generations, that is irresponsible, and reckless in the long run. neil: you know, interesting a lot of the men and women on street, you get a sense there is frustration, sure we have to juggle bills, we know we can't spend more than we take it. a lot is basic. you can understand what americans are polled on this subject, and give congress low ratings, and president low ratings, they are almost at that point, where they are going to explode, saying hey, i get it, why don't you. >> put it in terms that american understand median income in america earns $5 $52,000 if they
spend the way that american government spends that is $64,000, that is $12,000 a careea yearon a credit card, the achlike amortgage route without. neil: i read both sides are far from getting a budget deal or continues resolution to keep us going for a few more months, our debt is piling up every day. any hope? do you think? >> yes, you know, by october 17, treasury said it will run out of the borrowing authority, and debt limit presents an opportunity for president and congress to confront themselves with the fact they have been spending too much. neil: but it happens all of the time, what is going to give them religion? >> you know, at some point we
can't keep going like this, looking at europe, they said let'see how long we can play this game, it came to haunt them, we should be doing here is being responsible, cut spending, but the budget on path to balance, why we can do so in a delideliberate fashion that doet hurt the american economy and people a who'll lot, what washington is doing, is spending irresponsibly with no limits. neil: we shall see, ramina thank you. >> oops they done it again, more money missing in dc, missing it is gone, disappeared, poof!
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neil: all right time to clash over washington that condition sort out its -- can't sort out its cash. 67 million bucking set aside for irs to. garyimplement the health care law cannot be found. it is missing. but this is a poor excuse to say, you only lost $67 million, and dennis kucinich said that steve is making a bigger deal out of that than it is worth, nevertheless, steve bad news coming out of an agency who is going to be taking care of the healthcare. >> issue is that is one more example of government budge eling its finance -- bungling
its finances, and american people look at this on eve of the implementation of the -- they are worried. further, it says they don't care about the money that much, 67 million-dollars is just a drop in the bucket. that is a lot to us at a time our debt is double level of historical levels, we're headed to 200% debt to go, dp, we cannot afford it. neil: you are talking about affordable care act. health care law, you were in washington a good long time, this stuff happens, numbers gets big, money goes missing. i find it out that immediate response is well, billion dollars we can keep track of but 67 million more or less we'll find it. >> here is the respect i read it, i sal that what they are talking about is quantcasion of
indirect cost not reflected in irs cross the counting, what is indirect cost? >> work space. area that they would rent for other purposes. and it is a big number. now, bottom line, ttere is no money missing, this is an accounting matter that has to be fixed, true cost accounting, there has to be documentcasion, there are over changes in the tax law, irs is asking for 440 million, almost 2000 new full time employees to manage th, this is a massive job, but there is no money missing. neil: what do you make of that? just an adjustment with estimates and all sort its out? >> maybe it is right, but it does not matter, this is
confidence that we have to have in our government before we hand over our health care system, confidence they can manage the money that is coming here before we sd more taxes in this direction, that is why people'er to fiscal austerity. this is our money, they have to remember that. neil: dennis, you were in syria. you sat down with bashar al-assad, i belt you, this this crazy coc cocka mamey government they are better at keeping track of their money. >> i can tell you that affordable care act, has irs with major role to play to make shire all tax breaks that are in there, people have a chance to take advantage of those breaks. neil: you think this is still worth it? you think with all problem, give it time?
>> i am a not for profit health care system, i do not like the system. but the irs does not have the resource to dos job, that is the bottom line. people are going to wonder why there are delays. i am the last guy to go into defend administration if i think there is money placing, this is improving accounting and improving documentation. neil: well that is your point that irs is last to police, but it is what it is, they will be policing. maybe this 67 million will be accounted for. or matthe math, more clarified i think this could be a preview of coming attractions. >> if the irs is not ready, then
we're in trouble, they play a major fold in the implementation of the affordable care act. neil: gentlemen thank so i can reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally.
or should i say strongly urging now because this is a clueless washington stumbling towards another government shutdown. we're doing a lot more harm to the economy than shuing down some museum. it is good to see you, how is that? >> good. thank you for having me. neil: it seems like one shutdown is a notable malcolm what you think? >> a couple days i don't think it's going to change much. buif the fha stops writing the 25 to 30% of all the housing loans, we you have a serious problem. i don't think it is that likely that will go on for such a long period of time, but there is an element of confidence and we have seen during the last cycle what happens to the overall economy on the real estate market is hard.
neil: i got to see it myself. it is desert is going past each other on this issue. are capable of this? >> there is an issue of consumer confidence that will affect consumer reaction. >> what can i say, if you get the sound bite, you get a headline, but there's no substance behind it and it creates a problem and everyone is looking to one line of data. and i think if you asked about the details, you probably have a better understanding who have basically dunkerque politicians committed never created a job, they've never done anything outside of this. neil: if we look at a shutdown next weekend, there is certainly not enough time to avoid one
outright. but if it drug on for a few weeks? >> if people stop being able to qualify for loans, it creates a longer-term problem. i think consumer confidence is a huge issue. it shows what our government is dealing with. what does.do for our credit the world sort of looks to us as a much less stable nation? i think it's problematic. neil: when i talk to young folks, they always say that this is hardly confidence that we are seeing. you hear a a lot of young people that say they areborn to run
and owned, more inclined to be out of the market than in the market. this rally that we are experiencing has been enjoyed by relatively few. what is it and what is going on? >> i think it depends. it doesn't take a genius or an economist to figure it out. it is odd that you have the s&p hitting all-time highs every few weeks, and then we have a bunch of bad news. the fed says ultimately we believe the interest rates low. then people say that we can pony up and stay all in. neil: promote risky behavior? >> absolutely. i see a replay of 2004 through 2007 that led to a meltdown. you have people a little interest rates, saying that we will go head and ahead and finance. what happens when there is an uptick in this? we have been saying it
artificially low. when that happens, it will be risky. but the longer that happens. neil: let's say the fed finally start unwinding here. doesn't buy as much in treasury securities, mortgage securities. maybe interest rates go a little higher. i can't imagine the weak recovery, and it would be enough to do what? >> it does a lot of damage. there are people that can't make their mortgage payments. you will see another bubble in the housing sector. neil: what do you think? >> i think that they are making a lot of loans. everything is fine, people think, they refinance loans, i've done so a couple of times because it's like we can't leave how low they are.
eighty to 90% financing has been common. >> he does make us work, it is hard to say in this economy today, that actually have an opinion without being criticized for it. neil: so your name is well known, any responsibility without? >> i think without question. i think there is definitely something. we have to be the stewards of the brand he has created over the last 30 years. neil: controversy as well, right? >> it comes back, but we aren't the ones that are dead. we are low-key. our job is to do what we are doing. we are doing a lot of stuff right now. we are excited about the deals that we are doing. but there does have to be a real
responsibility coming with it. against, but never subsidize unemployment at the expense of his business. he's a real business that. neil: i have seen it for myself. if you don't mind my being personal on that, there was some concern about a year ago that you and your family had sort of talked about low keying things. was there any truth to that? >> no, there wasn't. ultimately i think he has earned the ability to speak. candidly i appreciate that he is so outspoken. he may be a little bit more polarizing, people don't agree with him, but at least he is not one of these people that say that i have to toe the line so that i can care to everyone's possible opinion. and i think if washington did more of that, if our politicians
in more than that rather than making sure that they cater to everyone and say that this is where the country needs to be, this is how we are going to get there ourselves. some people are not going to be happy with that, but that is the better formation. we would be a lot better off than where we are now. neil: your dad's name comes up a lot, but what are you? if you look at this and say that just like joe kennedy never quite did it, but his son, john did? >> it is one of those things that i like what i do right now. within the bipartisan political system that we have, i do not know that my views fit on either side. to get to a level where really the general public would want someone in the middle. you have to be extreme. by nature, to get the point where you actually have a chance coming to effectively be a hypocrite. the one you are the type a can-do guy.
on the other hand, it's like you can even believe that some people consider this a major issue. i am not willing to bastardize my beliefs trying to get to a level that we could change those police practice we. neil: never say never. donald rump junior. thank you so much, sir. now that we know things arebad, privacy invasion. when this guy says cool it on what you're sharing online. >> in the youtube age,
thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. at od, whatever business you're in, that's the business we're in. with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises.
i. neil: nights spreading sheets. government when it comes to this privacy invasion and nonsense. much ado about nothing. but not enough to get the united statesto warn folks not to necessarily volunteer too much information online. this thing could be exploding. the hardest working guy and the man who has to start each morning with don imus. and police have been working day and night with who is looking at what in the escalating war of the privacy business. >> when did you get that video? [laughter] >> privacy is funny. because he played a clip of the
president talked about this thing, anything you put online, this could be anthony wiener, the rule of thumb. we know that. if you know the rules of the game, going in, if you know you are sacrificing your privacy because of the technology that makes your life better, you're all right with it going in. there could be concerns about security and privacy. everything we do is online. it is already out there. there are ways to make yourself more secure. this is a good thing. the great things for companies because they can track everything you do and they can analyze what you're doing and they can make more money off of it. neil: i just wonder when you hear from people at the president of the united states. you know, that may be young parents like yourself and younger generations are saying, this is it.
>> we are talking about this digital footprint. in other words, if you want to use facebook, okay. but know that what you put out there is going to be out there, that's the rule going in. you can get so much out of it if you know what you are putting into it. even that someone has access to it. that's great. they can use that information to help you. neil: so you're talking about more digital good than bad? >> absolutely. people can track what you are doing and use the devices that you are using to track. and they can help you with that. neil: do you really think that they are helping? >> after the show, take your usual walk through times square and they know that you have your iphone with you. they know where you are going. and whatever it might be, do you have stopped by. they can target the advertising on your phone or anyone and the rail steel. i before i came on, this is true neil: and you do that a lot when you were on with imus.
>> you know that there is an ad tracking device now or function you can turn on and off on your actual iphone. at the bottom it says that the default is to leave it on. but they tell you, they say that you will still get the same amount of advertisements that you had before. but they will be less relevant because they will be based on your interests. they tell you. but. neil: when you accept a certain amount of intrusion, you set a lower bar to be entered upon more. i'm worried about just an open season. >> i think that you should be worried about security. that is a little bit of a separate issue. we did a special here on cybersecurity. things that consumers get focused on for businesses, things that consumers can do that frankly i don't do now, but i'm starting to think about. did you ever encrypted of your e-mails? you think about that, someone is
encrypting their e-mails. there is a man where they were, if you send me an e-mail because it was encrypted because you're afraid of a hacker about privacy, if someone got ahold of it and they didn't have the encryption key to read it, it is just gibberish. neil: now you can get the nsa's attention if you're one of these people that set up their own server. i have no idea what that means. but if you do that, there is a problem. >> are they out for you or out for the information. i think that is the question you must ask yourself. look at it from a personal point of view and you know that you sacrifice your privacy. beyond we want some are just doing it out of a morbid curiosity. let's say someone has a thing about you and i want to dig up this stuff. what about that? >> like it used on the show, for example? [laughter] neil: you are just school? >> you are just too old school.
>> enjoy your walk through times square. [laughter] >> anyway, a lot of you have been very big fans of our new segment. that is where we go back and play back politicians and point out things that maybe they wish they had never said. wait until you hear what we have tonight. because we are going really far back. i'm talking about long before connell mcshane was even born. fifty-three years ago..
neil: as we rerack the tape, here is what we saw 53 years ago. >> it is essential that the man that is president of this country stands for every program and what it means for growth for adults. i stand for programs that mean growth and progress. but if you don't allow a dollar spent, it could be better spent by the people themselves. >> i don't believe in big government, but i believe in effective governmental action. i think that is the only way to the united states is going to maintain its freedom. neil: 53 years ago tonight. the membrane at and also well, no stranger to the presidential
debate, it took a little known fact about pat buchanan. buchanan, it's always great to have you. when you look at this, and what continues today, the difference between liberal and conservative, what would later to agree proved to be the case. fighting for tax cuts against the will of many in his own party. what do you make of that? >> by then i was writing editorials and i endorsed kennedy's tax cuts and i recall him saying that these tax cuts will increase our revenue. the others say, are they crazy? kennedy was right. by today's standards, he is a conservative democrat. >> when you think about what he is pushing for, as you and i
know, it came to fruition after he was killed. but it did lead to the very boom that he promised. but it was over the role of what is a traditional liberal, what is a traditional conservative. but they were much closer, it seemed, back in those days than they are today. what happened? >> i think what happened is the events of the 1960s, a great social, cultural, moral revolution where the left-wing of the democratic party, because in part of the democratic war and sexual revolution, i'm writing a book about this right now. -- neil: you are writing another book? you are like stephen king of economics to is like a great comeback of richard nixon, all this stuff. [laughter] that all of these revolutions took hold in the 1968 time during chicago comic for the democratic party content party apart.
and humphrey johnson, a different one third. by 1972 from the left wing, and richard nixon that you see here, pulled up a 49 state landslide. >> there wa one thing in that debate, the first debate here that caught my interest. the concern that that, and i want to listen to this. reactivates. >> you also called for reducing the federal debt. i'm wondering how you, if you're president in january, will go about paying the bill for all of us. >> i did not advocate that because i don't believe you will be able to advocate the federal debt. not in 1961, 1962, or 1963. there are very heavy things we ought to me in regards to security and i have never suggested that we should be tied to that in 1961. neil: okay it amounted to a few
built in billion total, much smaller economy. but there are times to have that certainly cannot do it. what did you make of that? >> why make of that is thatack kennedy in 1960, he knew that. trumanhad left office for a while and this is basically a conservative country and he would've lost to eisenhower, he moved to a position that was almost identical to nixon. the late arthur slush and there was a frien of mine and he had to write a book, kennedy or nixon, does it make a difference. you know, about the respective candidates. the only differences were that kennedy was tougher on cuba, but he was not so tough on other things, as you remember those islands. and nixon was tougher on that and they were very close to each other in their philosophies and what they would do if nixon emphasized the private sector and kennedy more the public
sector. but nixon made a mistake. many mistakes. one of them was what the first demand a trade debate beyond domestic policy. secondly, nixon campaign right up to the day of the debate, flu and the night before. neil: didn't he have a cold? >> he didn't have makeup on him he'd been in the hospital two weeks and yet continued with his 50 state campaign. the people around him, i blame them for that and i blame richard nixon himself. very stubborn individual and sometimes very irritable with his staff. reading his notes going into the debate the one i was doing that when you're talking now. [laughter] neil: can't wait until the book is finished. another great one, i am sure. by the way, don't assume that you remember that, i not nearly as old as it. [laughter] neil: pat buchanan, one of the smartest minds i know.
thank you, sir. thank you, sir. in the meantime, if you will any last requests mr. baldwin? do you mind grabbing my phone and opening the capital one purchase eraser? i need to redeem some venture miles before my demise. okay. it's easy to erase any recent travel expense i want. just pick that flight right there. mmm hmmm. give it a few taps, and...it's taken care of. this is pretty easy, and i see it works on hotels too. you bet. now if you like that, press the red button otop. ♪ how did he not see that coming? what's in your wallet? [ male announcer ] now, taking care of things at home is just a tap away. ♪ introducing at&t digital life... ♪ ...personalized home security and autotion... [ lock clicks ] ...that lets you be cloto home. that's so cool. [ male announcer ] get $100 in instant savings
when you order digital life smart security. limited availability in select markets. ♪ ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business,
and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. neil: now we know that they were just holding us in, samsung executive admitting that the company highly touted smart watches. a teaser that has me thinking that samsung needs more than a slap on the wrist. two jonathan hoenig. this is the danger, especially when it loos like it was not ever intended to be this. >> that's right, either stop talking about it or chop it up. that is the memo of all corporate executives going forward. i'm a consumer hearing this news, i feel stupid for having
bought that product. it is all bout creating bars on social media. it makes people not want to buy more so than it erodes brand loyalty at a time when cutting edge technology needs loyalty now more than ever. neil: have to give it to you. you called it. it has been, even by the company's own admission. innovation is sometimes a messy business. neil: by the way because we are doing a segment on it. >> this is either part of the early adapters, or those who willingly put themselves in opposition. so now this is hierarchical. think about having paved the way for the iphone or other mistakes.
>> did you find it so intriguing, did you say that i would wait this out? or what? >> i i always wait it out. and wait until the prior one breaks. this is a grand step forward even if the product doesn't work out. neil: you have a least a potential for this ipo bug. twitter striking a deal and tell me whether that is good or bad and 120 characters or less. [laughter] >> i'm very active on twitter. mostly it's about your appetite and bighead. [laughter]
>> we have to keep an eye on twitter. they are basically combining the promise of what aol did a decade ago. twitter is effective when talking about this. that is what companies are getting on board four. >> remember, i'm the son that you do like. >> when you think about twitter, and then can a company monetize their success this is a great advertiser, lends great credibility. here is the great way to bring
awareness. i think that they are taking a big leap on this. other stock like facebook and apple and monetize content. >> i will be watching the baltic dry index. neil: so weird, so as i. [laughter] >> every day in sptember, 32% in just the last two weeks, and although ben bernanke says we have higher prices for shipping, they are there to watch this.
>> he will be waiting up for the consumer sentiment amount. they contact 500ouseholds asking them how they feel about the economy and what are their spending habits likely to be. we are going to give a good gauge as to what the people feel about the economy. if those numbers are good, it makes people tell themselves that i need to be spending more because i need to feel better about the economy. the report y don't want to miss. neil: tomorrow is denny's grand slam bid. [laughter] neil: tomorrow we have a brand-new segment by you. send us a tweet at neil cavuto and ask me anything. tell me what you are ticked off about. i may just respond to you. i want you all to go to bed right now.
[cheers] [cheers] john: hundreds of union teachers once showed up outside of my office to shout shame on me. why have tenure? now a school reform movement has spread to other countries and unio they are don't like it either. get outside of the protest, there is progress. >> it taught me a lot of things. john: nowron paul is a new tool for homeschooling. >> let me hear your voice. john: but the unions make it hard to innovate. it is not just the